The Toronto real estate
market had another great month, with 4,119 sales reported
and prices hitting their highest level since 1991, TREB
President Elect Marilyn Baubie said today. "With November's
average price at $236,214, we have a 2 per cent increase
over last month and a 10 per cent increase over the $214,465
figure recorded in November of 1998."

The President
Elect went on to note that, at 14,726 active listings, the
Board's inventory has plunged a whopping 18 per cent from
last November's 18,047. "Fewer houses on the market means
fewer choices for buyers and continued upward pressure on
prices. That's good news for vendors."

Breaking down
the total 1,537 sales were reported in TREB's 28 West
districts and averaged $213,666; 659 sales were reported in
the 14 Central districts and averaged $358,705; 748 sales
were reported in the 23 North districts and averaged
$258,698; and 1,175 sales were reported in TREB's 21 East
districts and averaged $182,697.

Neighbourhood
Corner:
Don Mills/Parkway West

Prices in this
higher-end enclave have shown a gradual improvement over the
past several years. During the May-November period, the
average for a detached home in the area was $380,038. This
is up 5 per cent from the $363,063 recorded over the same
time last year. The price of condominium townhouses also
increased, up 3 per cent to $158,833 from 1998's $154,383
figure.

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